Speaking at the signing ceremony, Mr. Tran Long - Deputy General Director of BIDV, shared: “BIDV knows that SP Group's vision is to build a smart, green energy future for partners and countries. Similar to SP Group, BIDV pursues the strategy of positioning the Green Bank brand, leading the market in ESG practices and sustainable finance, to transform into a Net-Zezo Bank by 2045. Through the signing of the Comprehensive Cooperation Agreement, BIDV commits to providing products and services of the highest quality to SP Group to continue serving the investment and production and business needs of the Group in Vietnam”.
Leaders of BIDV and SP Group at the cooperation signing ceremony.
“Partnering with BIDV, one of the leading financial institutions in Vietnam, is an important step in enhancing our renewable energy capabilities in Vietnam,” said Brandon Chia, Regional Director of Southeast Asia and Australia at SP Group. “This agreement marks a significant step forward in SP Group’s commitment to Vietnam’s sustainable development goals. With BIDV’s flexible and competitive financing solutions, we now have more options to expand our sustainable energy portfolio to accelerate the country’s clean energy transition.”
The two parties expressed their commitment to establishing a strategic partnership, promoting each party's respective capabilities and strengths. BIDV and SP Group will jointly explore cooperation opportunities related to Green projects to promote each party's Green strategy and build a Green economy, contributing to promoting the common prosperity of Vietnam and Singapore; at the same time, creating maximum conditions for accessing and sharing information on cooperation development opportunities in Vietnam in the coming time.
In order to realize the Comprehensive Cooperation Agreement, in January 2025, BIDV and SP Group signed a loan agreement for the Chu Ngoc Solar Power Plant Project in Gia Lai. This project was completed and put into operation in June 2019, with Vietnam Electricity Group (EVN) committing to buy back all electricity output under the PPA contract with a term of 20 years from the COD date.
SP Group is a leading energy group in the Asia Pacific region, providing smart, low-carbon energy solutions to customers. SP Group owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, as well as sustainable energy solutions in Singapore, China, Thailand and Vietnam.
As Singapore's national grid operator, over 1.7 million industrial, commercial and residential customers benefit from world-class transmission, distribution and market support services.
Source: https://tienphong.vn/bidv-va-sp-group-hop-tac-vi-muc-tieu-xanh-post1714897.tpo
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